Recent spikes in prices of rice, soy, wheat and corn have driven many poor people in developing countries into hunger and malnutrition. In 2011, then World Bank president Robert Zoellick estimated that 44 million people fell into poverty in 2010 due to rising food prices, adding, “Food price inflation is the biggest threat today to the world’s poor…one weather event and you start to push people over the edge.”

The dots connecting world hunger, weather events and speculation on global financial markets are obvious. Yet, well-meaning officials at UN agencies, including the FAO, World Bank and IMF, are curiously blind. Instead, their many urgent meetings over the past three years have focused on raising more money to pay these rising prices for food staples, urging more productivity from agriculture and opposing nations curbing exports to protect their domestic foods …. MORE A VIP READ: The Economics of Curbing Speculation In Food, Water and Vital Resources

With the climate talks in Durban seemingly headed for a train wreck, an innovative project is developing a new legal international framework for protecting the planetary ecosystem that could just be the most important legal initiative of our age.

It won’t matter by then because it will be, in the memorable words of Dr. James Hansen, “game over for the planet.” The narrow window we might just possibly still have to avert civilization-destroying climate change will close by 2015. To squeak through that window, we will have to begin ratcheting down our absolute emissions by then – in other words, reverse the direction we are currently on, which saw a 6% rise in emissions in 2010, despite the global economic downturn. Read the rest of this entry »